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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (3435)	6/13/2002 12:01:35 AM
From: David Alon	Read Replies (1) \| Respond to of 11633

My guess is, that Pembina doesn't have that much of an upside as some of the others.I do not know how much more capacity they have to increase distributions. Many trusts now are also growth stories, take for example, MEW, and people are looking now for growth and a stable income. Another example of growth is LIV, as per their NR, Livingston in discussions to acquire transportation co -------------------------------------------------------------------------------- 08:46 EDT Wednesday, June 12, 2002 TORONTO, June 12 /CNW/ - Livingston International Inc. has signed a non- binding letter of intent to acquire the assets of Consultrans Logistics Inc., Livingston International CEO Peter Luit announced today. Livingston is owned by the Livingston International Income Fund, which trades on the Toronto Stock Exchange (TSX) under the symbol LIV.UN. Consultrans Logistics is a non-asset based transportation, warehousing and distribution services company based in Oakville, Ontario, which manages transportation by truck across North America and has annual revenues of approximately $ 4 million. The acquisition, if completed, would double Livingston's North American transportation business, while increasing the number of staff in the transportation group by about 50 per cent, or 25 people. The parties are in the process of negotiating the definitive documentation and finalizing due diligence. Luit and Consultrans Logistics President Stephen Rowe anticipate that, assuming execution of the definitive purchase agreement in the next few weeks, the transaction would close by early summer. There can be no assurance that the transaction will be completed. Livingston International Inc. is Canada's leading customs brokerage company and trade-related services provider facilitating two-way trade between the United States and Canada. Based in Toronto, Ontario, the company has over 70 offices and approximately 1650 employees located at key border points and other strategic locations across Canada and the United States. %SEDAR: 00017249EB For further information: Dawneen MacKenzie, Vice-President, Public Affairs, 1-800-387-7582 ext. 3109